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Home Loan In Kolkata

Kolkata, located on the east bank of the Hooghly River, also known as Calcutta is the capital of West Bengal. The real estate market in Kolkata is growing rapidly Fast and for this banks are offering special discounts and offers on home loan to those individuals who are looking to buy a house. An individual can choose the best home loan from various banks and HFCs, according to his/her requirement. As different banks have different interest rates and different policies of providing home loan, so it’s difficult to choose in which bank an individual should apply for a home loan. But, now you don’t have to worry any more, because at loansninsurances.com suggest the list of top banks according to their interest rates, charges and home loan products. An Individual can easily calculate his home loan EMI with our home loan EMI calculator and can easily check his home loan eligibility at Loansninsurances.com.

Yes Bank recently launched a new home loan product for residents of Kolkata – “YES Khushi” home loans for the EWS/LIG segment. This home loan is specially designed to cater the housing needs of the common man of Kolkata.

Yes Bank has partnered with more than 500 builders across 35 cities and towns of Kolkata regarding the “YES Khushi” home loan. To help customers avail the interest subsidy scheme under Pradhan Mantri Awas Yojana, the bank empaneled with the National Housing Bank for a dispensation of the housing loan subsidy.

This affordable home loan product has been designed to address the gap in the market, keeping in mind the unique home loan requirements of salaried and self-employed segments in Economically weaker section (EWS) and Lower income group (LIG).

Home Loan in Kolkata Interest Rates

Every bank has their own home loan interest rates. Some banks offer home loan at lower interest rates and some at higher interest rates. Interest rates of the banks providing home loan in Kolkata are as follows:

The documentation for Home loan varies from individual to individual. The requirements are based on your profession, income and loan requirement.

Bank Name

Age

Income

Maximum Loan

Guarantor Required

BT option

Work experience

SBI Bank

18-70 years

Min.10,000 p.m

Up to 90% cost of property

Yes

Yes

Not required

HDFC Ltd

21-60 years

Min. 15,000 p.m

Up to 80% cost of property

No

Yes

Not required

ICICI Bank

18-60 years

Min. 15,000 p.m

80% cost of property

No

Yes

Not required

Axis Bank

21 years

Min. 10,000 p.m

Up to 80%

No

Yes

Not required

CITIbank

Minimum age should be 23 years

NA

Up to 10 crore

Yes

Yes

Upto 2 years

DHFL Bank

Minimum age should be 21 years

Min. 15,000 p.m.

Up to 5 crore

No

Yes

2 years

LIC HFC

18-60 years

1,80,000 p.a

80% of cost of property

Yes

Yes

2 year

Bank of Baroda

21-60 years

Upto 20,000 p.m

Up to 80% of cost of property

No

Yes

Not required

Kolkata Home Loan Documents Required

For salaried person

For self-employed

Application form with photograph

Application form with photograph

KYC documents

KYC documents

Form 16(ITR)

Form 16(ITR)

Last 3 months salary slip

Residence Proof

Last 6 months bank statements

Last 6 months bank statements

Residence Proof

Proof of business existence

Last 2 years profit/loss statements

Last 3 years income tax returns

How to apply for Home loan in Kolkata?

An individual can easily apply for Home loan in Kolkata through Loansninsurances.com. Please log on to the registration page of the website and enter the required details and submit the requisite documents online. Both existing and new customer can apply for the home loan. You can compare Home loan interest rates of different banks on Loansninsurances.com.